Benzinga's Top Ratings Upgrades, Downgrades For September 19, 2023

Upgrades

For Methanex Corp (NASDAQ:MEOH), Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Methanex had an EPS of $0.60, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of $54.83 and a 52-week-low of $28.73. At the end of the last trading period, Methanex closed at $41.16.

According to Evercore ISI Group, the prior rating for CVS Health Corp (NYSE:CVS) was changed from In-Line to Outperform. CVS Health earned $2.21 in the second quarter, compared to $2.40 in the year-ago quarter. The stock has a 52-week-high of $104.62 and a 52-week-low of $64.62. At the end of the last trading period, CVS Health closed at $70.70.

For Rackspace Technology Inc (NASDAQ:RXT), Raymond James upgraded the previous rating of Market Perform to Outperform. Rackspace Tech earned $0.06 in the second quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $6.07 and a 52-week-low of $1.05. At the end of the last trading period, Rackspace Tech closed at $1.48.

For Globus Medical Inc (NYSE:GMED), Stifel upgraded the previous rating of Hold to Buy. In the second quarter, Globus Medical showed an EPS of $0.63, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.04 and a 52-week-low of $48.86. Globus Medical closed at $51.60 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Evercore ISI Group, the prior rating for Deere & Co (NYSE:DE) was changed from Outperform to In-Line. In the third quarter, Deere showed an EPS of $10.20, compared to $6.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $450.00 and a 52-week-low of $328.77. Deere closed at $410.84 at the end of the last trading period.

For Starbucks Corp (NASDAQ:SBUX), TD Cowen downgraded the previous rating of Outperform to Market Perform. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $115.48 and a 52-week-low of $82.43. At the end of the last trading period, Starbucks closed at $96.76.

For Lazard Ltd (NYSE:LAZ), Goldman Sachs downgraded the previous rating of Neutral to Sell. For the second quarter, Lazard had an EPS of $0.24, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $43.44 and a 52-week-low of $27.71. At the end of the last trading period, Lazard closed at $33.40.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, Redburn Atlantic initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $50.00 for ARM Holdings. The stock has a 52-week-high of $69.00 and a 52-week-low of $55.02. At the end of the last trading period, ARM Holdings closed at $58.00.

See all analyst ratings initiations.

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